Ultra Clean - UCTT Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" UCTT shares.
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2 Wall Street analysts have issued 1 year target prices for Ultra Clean's stock. Their UCTT share price forecasts range from $42.00 to $65.00. On average, they predict the company's stock price to reach $47.75 in the next year. This suggests a possible upside of 73.9% from the stock's current price.
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Ultra Clean's stock was trading at $57.36 at the beginning of the year. Since then, UCTT stock has decreased by 52.1% and is now trading at $27.46.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our UCTT earnings forecast.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) posted its earnings results on Thursday, July, 28th. The semiconductor company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The semiconductor company had revenue of $608.70 million for the quarter, compared to the consensus estimate of $590.84 million. Ultra Clean had a trailing twelve-month return on equity of 20.19% and a net margin of 3.42%. The business's revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS.

Ultra Clean issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $0.94-$1.18 for the period, compared to the consensus estimate of $1.23. The company issued revenue guidance of $585.00 million-$645.00 million, compared to the consensus revenue estimate of $628.38 million.

35 employees have rated Ultra Clean Chief Executive Officer Jim Scholhamer on Glassdoor.com. Jim Scholhamer has an approval rating of 56% among the company's employees. This puts Jim Scholhamer in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ultra Clean investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intelsat (I), Bank of America (BAC), Block (SQ), AMC Entertainment (AMC), Hello Group (MOMO), Cypress Semiconductor (CY) and Fossil Group (FOSL).

Ultra Clean trades on the NASDAQ under the ticker symbol "UCTT."

Shares of UCTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UCTT stock can currently be purchased for approximately $27.46.

Ultra Clean (NASDAQ:UCTT) has a market capitalization of $1.25 billion and generates $2.10 billion in revenue each year. The semiconductor company earns $119.50 million in net income (profit) each year or $1.75 on an earnings per share basis.

The company employs 7,066 workers across the globe.

Ultra Clean's mailing address is 26462 CORPORATE AVENUE, HAYWARD CA, 94545. The official website for the company is www.uct.com. The semiconductor company can be reached via phone at (510) 576-4400, via email at investors@uct.com, or via fax at 510-576-4401.